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RNWK > SEC Filings for RNWK > Form 8-K on 28-Aug-2012All Recent SEC Filings

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Form 8-K for REALNETWORKS INC


28-Aug-2012

Other Events


Item 8.01 Other Events.

On August 28, 2012, RealNetworks Inc. ("RealNetworks" or the "Company") eliminated approximately 80 positions worldwide, or approximately 7% of its worldwide employee base, in furtherance of its previously announced plans to reduce operating expenses. The Company expects to record between approximately $2.0 million and $2.5 million in charges associated with this reduction in force in the quarter ending September 30, 2012. RealNetworks also notified approximately 80 additional employees that it expects to eliminate their positions over the next seven months, unless the Company is able to place the employees in other internal positions.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS: This report contains forward-looking statements that involve risks and uncertainties, including statements regarding RealNetworks' current expectations regarding reductions in force and the amount of the charges associated with these actions. Actual results may differ materially from the results predicted. More information about risk factors that could affect RealNetworks' business and financial results are included in RealNetworks' annual report on Form 10-K for the most recent year ended December 31, its quarterly reports on Form 10-Q and in other reports and documents filed by RealNetworks from time to time with the Securities and Exchange Commission. All forward looking statements include the assumptions that underlie such statements and are based on management's estimates, projections and assumptions as of the date hereof. Real assumes no obligation to update any such forward looking statements or information.


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